United Kingdom - Bank Rating Actions - 21 June 2012

BFSR (BCA) Former Bank Name Lloyds Banking Group Lloyds TSB Bank Plc HBOS plc Bank of Scotland plc BOS (Ireland) Funding Plc Bank of Scotland Capital Funding L.P. Bank of Scotland plc, Australia Branch Cheltenham & Gloucester plc HBOS Capital Funding No. 1 L.P HBOS Capital Funding No. 2 L.P HBOS Capital Funding No. 3 L.P HBOS Capital Funding No. 4 L.P HBOS Group Euro Finance (Jersey) HBOS Group Sterling Finance L.P. HBOS Treasury Services Plc HBOS Treasury Services plc, Sydney Branch Halifax plc LBG Capital No 1 plc LBG Capital No 2 plc Leeds Permanent Building Society Lloyds TSB Capital 2 L.P. Scotland International Finance No. 2 B.V Lloyds TSB Bank plc (Australia) Lloyds TSB Bank plc Hong Kong Branch Lloyds TSB Offshore Ltd Scottish Widows plc Clerical Medical Finance plc Clerical Medical Investment Group Limited Rating C- (baa1) D+ (baa3) Outlook RuR down Stable Rating C- (baa2) D+ (baa3) Rating action June 2012 Outlook Stable Stable Rating A2 A1 A2 A1 Former Outlook RuR down RuR down RuR down RuR down Rating A3 A2 A3 A2 LT rating Rating action June 2012 Outlook Negative Negative Negative Negative Rating Baa2/ (P) Baa3 Baa2 (*) Baa3 Baa2 Former Outlook RuR down RuR down RuR down RuR down Dated subordinated debt rating Rating action June 2012 Rating Outlook Baa3/ (P) Ba1 Stable Baa3 (*) Stable Ba1 Stable Baa3 Stable Former Rating Baa3 (hyb) Ba1 (hyb)/ Ba2 (hyb) Ba2 (hyb)/ Baa3 (hyb) Outlook RuR down RuR down RuR down Rating Ba1 (hyb) Ba2 (hyb) Ba1 (hyb) Junior subordinated debt rating Rating action June 2012 Outlook Stable Stable Stable Rating B3 (hyb) Ba2(hyb) Ba1 (hyb) Ba1 (hyb) A1 RuR down A2 Negative Baa3 (hyb) RuR down Ba1 (hyb) Stable Ba2 (hyb) Ba2 (hyb) B3 (hyb) B3 (hyb) Ba2 (hyb) Ba2 (hyb) A1 A1 RuR down RuR down A2 A2 Negative Negative Baa2 RuR down Baa3 Stable B3 (hyb)/ Ba1 (hyb) Ba3 Ba2 B3 (hyb) RuR down RuR down RuR down Stable Ba2 (hyb) B1 Ba3 Ba2 (hyb) Stable Stable Stable Stable B1 (hyb) A1 C (A3) IFSR: A1 IFSR: A1 Negative RuR down RuR down C- (baa2) IFSR: A2 IFSR: A2 Stable Stable Stable A2 RuR down RuR down A2 A2 Negative Negative Baa1 (hyb) RuR down Baa2 (hyb) Stable Baa1 (hyb) Baa1 (hyb) RuR down RuR down Baa2 (hyb) Baa2 (hyb) Stable Stable Baa2 (P) Baa2 RuR down RuR down Baa3 (P) Baa3 Stable Stable Stable Ba2 (hyb) Stable (P) P-1 P-1 P-1 RuR down RuR down RuR down (P) P-1 P-1 P-1 Confirmed Confirmed Confirmed RuR down RuR down Stable Stable RuR down RuR down Ba3 Ba3 Ba3 Ba3 Ba3 Ba3 (hyb) (hyb) (hyb) (hyb) (hyb) (hyb) Stable Stable Stable Stable Stable Stable Former Outlook Stable Stable RuR down RuR down Rating Ba3 (hyb) Ba1 (hyb) Ba2 (hyb) Ba2 (hyb) Preference shares rating Rating action June 2012 Outlook Stable Stable Stable Stable P-1 RuR down P-1 Confirmed Rating P-1 P-1 P-1 P-1 Former Outlook RuR down RuR down RuR down RuR down Rating P-1 P-2 P-1 P-1 ST rating Rating action June 2012 Outlook Confirmed Confirmed Confirmed Releasing office Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd. Moody's Investors Service Ltd.

Baa2

RuR down

Baa3

Stable

* The following subordinated debt instruments have a substitution clause and are downgraded to Ba1 : CUS:539473AP3, ISIN: AU3CB0187201, XS0717735400, XS0717735582, XS0717735822, XS0744444588 The person approving the credit rating for Lloyds Banking Group and its subsidiaries is Johannes Wassenberg, Managing Director - Banking, except Scottish Widows plc, Clerical Medical Finance plc & Clerical Medical Investment Group Limited, JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 The person approving the credit rating for Scottish Widows plc, Clerical Medical Finance plc & Clerical Medical Investment Group Limited is Simon Harris, Managing Director - Financial Institution, JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 **PLEASE SEE "DISCLAIMER" TAB FOR IMPORTANT LEGAL INFORMATION**

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